watch now Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to the ongoing chip shortage caused demand for used cars to skyrocket, pushing prices much higher… Continue reading Use this calculation to find the best used car for your money — plus 10 models that come out on top
Author: CNBC Online news
2023 could be another difficult year for the auto industry – here’s why
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Those issues aren’t expected to be resolved quickly. There’s growing concern on Wall Street that this year’s… Continue reading 2023 could be another difficult year for the auto industry – here’s why
Tesla under investigation by NHTSA for two more crashes that may have involved Autopilot or FSD
Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022. Mike Blake | Reuters The National Highway Traffic Safety Administration has initiated two more special crash investigations into incidents that involved Tesla electric vehicles, and where the company’s advanced driver assistance systems are thought to have been a factor… Continue reading Tesla under investigation by NHTSA for two more crashes that may have involved Autopilot or FSD
Tesla shares slid nearly 9% on demand concerns, Elon Musk’s Twitter distraction
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Shares in electric vehicle maker Tesla dropped by almost 9% on Thursday as analysts grow increasingly uncertain of the company’s outlook. The stock is down over 64% year-to-date. After the bell Wednesday, Canaccord Genuity trimmed its… Continue reading Tesla shares slid nearly 9% on demand concerns, Elon Musk’s Twitter distraction
I drove hundreds of miles ‘hands-free’ in GM, Ford and Tesla cars – here’s how it went
The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning and predictive speed assist. Lincoln DETROIT – Letting go is hard. Even if major automakers want to make it easier. Car companies are rapidly expanding technologies that can control the acceleration, braking… Continue reading I drove hundreds of miles ‘hands-free’ in GM, Ford and Tesla cars – here’s how it went
Elon Musk tries to explain why Tesla shares are tanking
watch now Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors. related investing news Long-time Tesla bull Ross Gerber… Continue reading Elon Musk tries to explain why Tesla shares are tanking
Porsche begins production of ‘e-fuel’ that could provide gas alternative amid EV push
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plant, Punta Arenas, Chile. Porsche AG Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in… Continue reading Porsche begins production of ‘e-fuel’ that could provide gas alternative amid EV push
Biden unveils stricter emissions rules for heavy-duty trucks
EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images The Biden administration on Tuesday announced stricter standards on smog-forming emissions from trucks, vans… Continue reading Biden unveils stricter emissions rules for heavy-duty trucks
U.S. Postal Service to transform delivery fleet with 66,000 electric vehicles by 2028
Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicles (NGDVs) and commercial off-the-street (COTS) vehicles will be battery electric vehicles. Paul Weaver | Sopa Images | Getty Images The… Continue reading U.S. Postal Service to transform delivery fleet with 66,000 electric vehicles by 2028
Treasury Department delays electric vehicle tax credit guidance until March
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet The Treasury Department is delaying plans to issue proposed guidance for the sourcing of electric vehicle batteries for federal tax incentives… Continue reading Treasury Department delays electric vehicle tax credit guidance until March